Amnesty scheme in works for PF defaulters

The Employees' Provident Fund Organisation (EPFO) is preparing an amnesty scheme for companies evading or defaulting on employee contributions. The scheme, potentially launching alongside employment-linked incentives by year-end 2024, aims to boost enrollments and formalize the workforce. It may waive employee contributions and minimize employer payments for the default period between 2017 and 2024, pending approval.